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Iran’s West Azarbaijan Achieves Remarkable 2.7 Million Tons in Exports Over 10 Months
West Azarbaijan province has experienced significant growth in non-oil exports, with a remarkable 63% increase in volume and value from March 21, 2024, to January 20, 2025. A total of 2.7 million tons of goods valued at approximately $1.6 million were exported, while customs revenue surged by 88%. Customs Office Observer Khaled Jangjoo attributed this growth to improved trade policies, infrastructure, and international partnerships, fostering a favorable business environment. This transformation is not only beneficial for local businesses and job creation but also positions West Azarbaijan as a key player in the non-oil sector, promising sustained economic development.
Iran and Iraq Set Ambitious Goal to Boost Annual Trade to $20 Billion in Just 3 Years!
Iran is poised to boost its trade with Iraq, aiming for a substantial increase to $20 billion over the next three years, as announced by Yahya Al-e Es’hagh, Chairman of the Iran-Iraq Joint Chamber of Commerce. Last year, trade reached around $12 billion, with expectations for growth this year. Factors supporting this expansion include Iran’s diverse product offerings, Iraq’s large population, and strong cultural ties. Currently, Iran holds about 20% of Iraq’s consumer market, exporting goods like construction materials, food items, and medical services. This strategic enhancement of trade is expected to strengthen both economic and political alliances.
China Fuels Iran’s Economy: Contributing $65-70 Billion to Foreign Trade
Recent discussions highlight the deepening economic partnership between Iran and China, with approximately 50% of Iran’s non-oil trade occurring with China. Majid Reza Hariri, chairman of the Iran-China Joint Chamber of Commerce, noted that China accounts for 29% of Iran’s exports and 25% of its imports. China also purchases over 92% of Iran’s oil exports, amounting to $65-70 billion in combined trade. Iranian President Masoud Pezeshkian’s upcoming visit to China aims to strengthen these ties, with potential agreements to enhance cooperation, particularly in the energy sector, despite ongoing international sanctions.
Iran and India Strengthen Ties: High-Level Talks Focus on Enhanced Cooperation
Iranian Foreign Minister Seyed Abbas Araghchi is in New Delhi for high-level discussions as part of the 20th Iran-India Joint Commission, focusing on enhancing bilateral relations rooted in historical ties. He met with Indian Foreign Minister Subrahmanyam Jaishankar, emphasizing the importance of the 10-year Chabahar cooperation agreement and the need to leverage both nations’ capabilities for economic growth. The talks also addressed regional peace and stability in South Asia, multilateral diplomacy, and potential trilateral cooperation. The ongoing discussions aim to strengthen economic partnerships and foster a stable, prosperous future for both nations and the wider region.
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Iran and EAEU Forge Stronger Trade Ties: Minister Highlights Growing Economic Partnership
Atabak, head of the Iran-Belarus Joint Economic Commission, participated in a high-level meeting with Belarusian leaders, emphasizing the importance of leadership decisions for regional cooperation. He stressed that the future depends on strategic collaboration, particularly in new technologies and scientific partnerships. Highlighting Iran’s commitment to sustainable development, Atabak advocated for sharing expertise in artificial intelligence and fostering joint investments to enhance innovation. He acknowledged the role of the Eurasian Economic Union in facilitating collaboration through common standards and digital infrastructure, underscoring the need for unity among regional leaders to harness scientific advancements for a prosperous future.
